Inventory Management Professional

Inventory Management Professional

Inventory managers play a key role in controlling materials, products, parts and all physical merchandise the business depends on. Protiviti report says, skilled inventory managers can achieve 20% to 50% more accurate forecasts, a 10% to 30% reduction in inventory, a 5% to 15% reduction in manufacturing downtime and a 5% to 10% increase in on-time delivery. Register for Inventory Management Professional program which will preapre you to work in a variety of local and global establishments such as manufacturing units, retail outlets, restaurants, grocery stores, hotels and food stores.

• The number of operating warehouses has increased 10.4% from 2013 to 2017 – an increase of over 1,600 new warehouses. 
• The domestic warehouses cut down on shipping costs and eliminate potential taxes, tariffs, and fees associated with international shipping.
• 46% of SMBs either don’t track inventory or use a manual method. 
• 54% of warehouses plan to expand the number of inventory Stock Keeping Units (SKUs) carried over the next five years. 
• The average inventory accuracy threshold for retail operations is only 63%.

Insightful companies will see that too much inventory is waste, but that inventory, deployed in the right quantities at the right time in the right places, can provide substantial benefit to businesses and enhance competitive advantage. Successful companies will view inventory as a strategic asset and an inventory manager is in charge of all the assets like inventory in a warehouse or similar facility. Inventory managers lead a team of inventory or warehouse workers to receive and record new stock as it comes in and move stock onto trucks or shelves as needed.
Vidya Mentors Inventory Management Professional program will enable you to understand Key concepts in Inventory Management System and will impart/enhance practical skills to become expert in Inventory Management who can plan, conduct & manage Inventory Management in the organization.